Kerry’s Gemini Grove Beijing’s Luxury Residence to be Launched in Hong Kong

China (SANEPR.com) August 4, 2008 -- Modern design with comprehensive in-house facilities

Gemini Grove is a new luxury residence project jointly developed by two leading property developers, Hong Kong Kerry Properties and Beijing Huayuan Property. Located in Lufthansa business zone of Chaoyang District and is in proximity to the Second Embassy District, the project occupies site area of 9,192 sq. m., with total gross floor area of 46,440 sq. m. It is composed of East and West towers. Apart from the total gross floor area of 30,700 sq. m. apartments, Gemini Grove has an additional 1,800 sq. m. exclusive high-end private club, underground garden between the two towers and the 1,500 sq. m. commercial building clusters, all these create a comfortable and enjoyable living place.

Gemini Grove has over three hundred apartment units, all of which are well-equipped with appliances of top quality brand, including Miele electronics, Siematic kitchen
cabinets, Dornbracht sanitary wares and Daikin air-conditioners. Developers have invited well-known Philip Liao & Partners Limited and Mr. Steve Leung Designers Limited as architect and interior design companies respectively. Both have infused simplicity and elegance into the project to create a comfortable and luxurious living environment which embodies the essence of modern design. In order to satisfy the needs of some buyers and tenants who have high expectation of interior design and fittings, Gemini Grove will provide one-bedroom apartment unit with a set of high quality furniture, including dinning table and chairs, sofa, coffee table, TV cabinet, bed and bedside table, working table and cabinet etc. so that buyers or tenants can move in any time they wish.

Asset Management Services

In order to accommodate the leasing needs of investors such that their properties are properly managed and that the investment has the best return, Gemini Grove is proud to present the one-stop shop asset management services, including tenant referral and reception, rental negotiation on behalf of landlord and tenant, management of lease
contract, provision of maintenance and rental issue.

An Intelligent Home for Smarter Living

Apart from modern design, Gemini Grove has also been thoughtfully designed with advanced technologies. Each unit features an internet-enabled security and control
system which can be activated each time you leave your apartment, and will be protected by the building’s high-tech security system. Residents can monitor the air-conditioning and lighting systems of their apartments by logging into the ultra-secure system using a web browser.

Gemini Grove is managed by Kerry Property Management (Beijing) Co. Ltd., which has extensive experience in offering superb management service to luxury residences in Hong Kong, Beijing, Shanghai and Shenzhen. Kerry Properties is strong at incorporating professional management service concepts of international standard into practice and offering personalised services which include: full digitalised monitoring system, hotel-style security management, indoor cleaning, business service as well as entertainment.

Ms. Rebecca Shum, Executive Director, Investment and Project Marketing, CB Richard Ellis, said, “We are very delighted to cooperate with Kerry in planning and promoting this high-end residence project. Gemini Grove is conveniently located in the Embassy District where it is in proximity to Chaoyang Park and Sanlitun, hence it is highly welcomed by tenants from large corporations. The contemporary design, together with good quality and advanced in-home living systems, truly offers an ideal living place.”

Mr. IP Chu, Executive Director, Kerry Real Estate Agency Limited commented, “Gemini Grove is our first luxury residence project in Beijing, reflecting our full confidence in the property market in the city and Mainland China. We believe we can create a premier brand in Beijing by leveraging our professional background and service.”

About Kerry Properties Limited

Kerry Properties Limited was listed on the Main Board of the Stock Exchange of Hong Kong Limited in August 1996. The principal business activities of Kerry Properties Limited and its subsidiaries are (i) property development and investment in Hong Kong, mainland China and the Asia Pacific region; (ii) the provision of independent third party logistics; freight services and warehouse operations; (iii) investments in infrastructure projects in Hong Kong and mainland China; and (iv) hotel ownership and operations in mainland China.

About Huayuan Property Co. Ltd.

Beijing Huayuan Property Co. Ltd. shares the passion for creating China’s most coveted properties. Huayuan has achieved recognition from many high quality mumulti-functional properties and prestigious commercial properties. Throughout the years, Huayuan has become Beijing’s premier property brand.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our web site at www.cbre.com.

About Investment & Project Marketing

Covering all the top Asian markets, we are the most trusted source for market intelligence and property investment services. We help our clients analyse and interpret key trends impacting the investment marketing. Our strategies are designed to focus the investors on ownership structures, financing, property selection, acquisition and exit strategies. Our clients are mostly high net-worth individuals who are attracted by high rental returns and potential for capital growth, as well as institutions who invest in property as a means of diversifying their exposure to different asset dasses. Having handled a wide variety of projects, the team specialises in formulating tailored and effective marketing plans to project sales. Working closely as 'the owners' representative', we identify trends, offer best disposal methods and solutions to international developers to maximize value of property investment. Our services include development advisory, land brokerage, marketing consultancy, strategic planning, budgeting, creating brand identity through our planned publicity and launch activities, as well as transaction management. The team coordinates international project marketing activities in Hong Kong and works closely with our U.K. and Asia Pacific Residential Project Marketing Group.